http://www.stockrake.com

I’m still short the indexes. I covered a little of that today for breakeven – NDX up .80, RUT down .80. The reason I did it was in case the market was up tomorrow I wanted to have dry powder. No matter what happens (almost) tomorrow I’m putting that cash back short. I went from being very heavy short to a smidge under heavy. I’ll do ok if the market drops tomorrow though.

FAZ: I actually bought it slightly before the buy signal because I had a feeling looking at the 5 min chart. After awhile you just know what is going to happen sometimes. My tweet pattern:

1. “In $FAZ ahead of my buy signal. Looking for the gap fill to cause a buy signal.”

2. “More $FAZ @ 8.05 looking for 8.2 and hopefully a buy signal, 5min chart says gap fill highly likely.”

2.5 “5 min close over 8.08 in FAZ will get it going up to 8.19 until then no FAZ party”

3. We get gap fill and buy signal.

Still holding IVN, DROOY, DXO, FAZ. Sold TBSI and DRYS for small losses when DRYS had a wicked reversal.

3 stocks that I was big on owning and got cold feet on were, DRYS, PCX, and MGM.

They have all moved…MGM the most. BTW URRE has had a nice move too I think posted about that one in .80′s now 1.55.

Related Posts